No good news

Hey all, I have been thinking for the past few days whether there would be any shops left at this rate. The recession crisis is taking major stores downhill rapidly one after the other, no stores safety is guaranteed. Someone please stop this crisis, where would I shop if all the shops are gone, I dread the thought aargh!

I mentioned on Wednesday that former Mosaic turned Aurora stores Karen Millen, Oasis, Coast and Warehouse were rescued from the recession pit; Principles and Shoe Studio were not so fortunate.














Shoe Studio was sold to Dune and Principles remains unlucky.














Debenhams is to take over most of Principles standalone shop stock and that of its 121 concessions within Debenhams Department Stores.
Lee Manning the administrator of Deloitte said: Unfortunately there will be significant redundancies over the coming weeks."

This is terrible, I feel awful about the amount of people whose lives and careers have been put in jeopardy by the sting of the recession. I should thank my stars that I am safe for now (fingers crossed) as I could have been in the same boat.